2014-26275
Federal Register, Volume 79 Issue 214 (Wednesday, November 5, 2014)
[Federal Register Volume 79, Number 214 (Wednesday, November 5, 2014)]
[Notices]
[Pages 65643-65644]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-26275]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0066, Financial Resource Requirements for
Derivatives Clearing Organizations
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: The Commodity Futures Trading Commission (``Commission'') is
announcing an opportunity for public comment on the proposed collection
of certain information by the agency. Under the Paperwork Reduction Act
(``PRA''), Federal agencies are required to publish notice in the
Federal Register concerning each proposed collection of information,
including each proposed extension of an existing collection of
information, and to allow 60 days for public comment. This notice
solicits comments on reporting requirements relating to financial
resource requirements for derivatives clearing organizations.
DATES: Comments must be submitted on or before January 5, 2015.
ADDRESSES: You may submit comments, identified by ``Financial Resource
Requirements for Derivatives Clearing Organizations'' by any of the
following methods:
The Agency's Web site, at http://comments.cftc.gov. Follow
the instructions for submitting comments through the Web site.
Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW., Washington, DC 20581.
Hand Delivery/Courier: Same as Mail, above.
Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments
through the Portal.
Please submit your comments using only one method.
FOR FURTHER INFORMATION CONTACT: Eileen Chotiner, Division of Clearing
and Risk, Commodity Futures Trading Commission, Three Lafayette Centre,
1155 21st Street NW., Washington, DC 20581; (202) 418-5467; email:
[email protected], and refer to OMB Control No. 3038-0066.
SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the Office of Management and Budget (``OMB'') for each
collection of information they conduct or sponsor. ``Collection of
Information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3 and
includes agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
Federal agencies to provide a 60-day notice in the Federal Register
concerning each proposed collection of information, including each
proposed extension of an existing collection of information, before
submitting the collection to OMB for approval. To comply with this
requirement, the Commission is publishing notice of the proposed
extension of the collection of information listed below.
Title: Financial Resource Requirements for Derivatives Clearing
Organizations (OMB Control No. 3038-0066). This is a request for
extension of a currently approved information collection.
Abstract: Part 39 of the Commission's regulations establishes
financial reporting requirements for derivatives clearing organizations
(``DCOs''), which are required to be registered with the Commission.
The Commission will use the information in the reports to assess the
DCOs' compliance with the financial resource requirements for DCOs
prescribed in the Commodity Exchange Act and Commission regulations.
With respect to the collection of information, the CFTC invites
comments on:
Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
[[Page 65644]]
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
http://www.cftc.gov. You should submit only information that you wish
to make available publicly. If you wish the Commission to consider
information that you believe is exempt from disclosure under the
Freedom of Information Act, a petition for confidential treatment of
the exempt information may be submitted according to the procedures
established in Sec. 145.9 of the Commission's regulations.\1\
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\1\ 17 CFR 145.9.
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The Commission reserves the right, but shall have no obligation, to
review, pre-screen, filter, redact, refuse or remove any or all of your
submission from http://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the Information Collection Request will be retained in
the public comment file and will be considered as required under the
Administrative Procedure Act and other applicable laws, and may be
accessible under the Freedom of Information Act.
Burden Statement: The respondent burden for this collection is
estimated to be 10 hours per response.
Respondents/Affected Entities: Derivatives clearing organizations.
Estimated number of respondents: 14.
Estimated total annual burden on respondents: 25,760 hours.
Frequency of collection: Quarterly and on occasion.
Dated: October 31, 2014.
Christopher J. Kirkpatrick,
Secretary of the Commission.
[FR Doc. 2014-26275 Filed 11-4-14; 8:45 am]
BILLING CODE 6351-01-P